Business Setup Packages
Dubai Energy & Environment Park (ENPARK) was established in 2006, is a member of TECOM Investments. It is a free zone that is designed and dedicated to clean energy and environmental technology. Everything in ENPARK is environment-friendly, from residential communities to entertainment outlets.
ENPARK aims to provide commercial and residential space, research centers, education and leisure facilities. Companies operating in ENPARK will be part of a fully integrated knowledge community offering opportunities for partnerships, networking and a comprehensive support system for success.
It features manufacturing companies with environmentally-friendly production lines, residential communities and retail space, including shopping, dining, and entertainment outlets.
The commercial component of ENPARK includes expansive open areas, niche business centres and office space while the residential part includes ecologically friendly tower apartments and lofts, detached villas and townhouses catering to different lifestyles and income.
Value Added Tax (VAT) has been introduced across the UAE on 1 January 2018 at a standard rate of 5%.
A business whether situated in a designated zone or non-designated zone or outside a free zone should register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000 within the preceding 12 months or it is anticipated that the total value of taxable supplies exceeds AED 375,000 in the next thirty 30 days. Upon registration, a tax registration number (TRN) would be issued to businesses by the Federal Tax Authority.
A Designated zone is a specified fenced geographical area having security measures and customs controls in place to monitor entry and exit of individuals and the movement of goods to and from the area. Following free zones are declared as designated zones.
a. Free Trade Zone of Khalifa Port
b. Abu Dhabi Airport Free Zone
c. Khalifa Industrial Zone
d. Jebel Ali Free Zone (North-South)
e. Dubai Cars and Automative Zone (DUCAMZ)
f. Dubai Textile City
g. Free Zone Area in Al Quoz
h. Free Zone Area in Al Qusais
i. Dubai Aviation City
j. Dubai Airport Free Zone
k. Hamriyah Free Zone
l. Sharjah Airport International Free Zone
m. Ajman Free Zone
n. Umm Al Quwain Free Trade Zone in Ahmed Bin Rashid Port
o. Umm Al Quwain Free Trade Zone on Sheikh Mohammed Bin Zayed Road
p. RAK Free Trade Zone
q. RAK Maritime City Free Zone
r. RAK Airport Free Zone
s. Fujairah Free Zone
t. FOIZ (Fujairah Oil Industry Zone)
Any free zone which is not declared as a designated zone is a non-designated zone. In other words, a non – designated zone is any geographical area within UAE which does not have any security measures and customs controls in place to monitor the entry and exit of goods and individuals. Eg. DMCC, Dubai Media City, DIFC and Dubai Internet city.
a) Goods transferred between designated zones shall not be subject to VAT. However, goods supplied by an entity in the designated zone to entities outside the designated zone are subject to 5% VAT.
b) Services provided by an entity to other entities inside the designated zone or outside the designated zone are subject to 5% VAT.
c) Professional fees for services are subject to VAT @ 5%.
In the case of designated zones the trade license fees, visa fees, lease rentals will not be subject to VAT. And in the case of non-designated zones, the trade license fees and visa fees are not subject to vat however rent is subject to 5% VAT.
Email: info@freezonesuae.com
Tel: +971 4 343 8022